HTB
Tax-Efficient Access to Mid-Term U.S. Treasuries
Horizons US 7-10 Year Treasury Bond ETF (HTB) seeks to provide tax-efficient exposure to an index comprised of U.S. treasury bonds with maturities between seven and ten years.
Key Features
• The Total Return Advantage: HTB is part of Horizons Total Return Index (TRI) family of ETFs. HTB uses a total return swap contract to replicate the performance of the Solactive US 7-10 Year Treasury Bond Index (Total Return). This structure typically reduces tracking error associated with replicating an index and increases tax efficiency
• Tax-efficient access: HTB is not expected to make taxable distributions
• Automatic Reinvestment: The reinvestment of index constituent distributions are reflected in HTB’s Net Asset Value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or even monthly
Investment Objective
HTB seeks to replicate, to the extent possible, the performance of the Solactive US 7-10 Year Treasury Bond Index (Total Return), net of expenses. The Solactive US 7-10 Year Treasury Bond Index (Total Return) is designed to measure the performance of the US 7-10 Year Treasury Bond market.
Fund Details
Ticker
HTB
Inception Date
April 07, 2015
Net Assets ?
$58,945,172
As at December 06, 2022
Consolidated Prior Day Volume ?
4,001
For December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
17,585
As at December 06, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLUTB
Management Fee
0.15%
(Plus applicable sales tax)
Management Expense Ratio ?
0.17%
As at June 30, 2022
Swap Fee
No more than 0.05%
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
-6.92%
As at November 30, 2022
LEI ?
549300Q05CUP75WQ5B48
Portfolio Investment Metrics
As at November 30, 2022
Weighted Average Duration ?
7.78
Average Credit Quality ?
--
Weighted Average Coupon ?
1.71
Weighted Average Yield to Maturity ?
3.68
The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.
The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Annualized Performance (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| Horizons US 7-10 Year Treasury Bond ETF | 2.05 | -0.98 | 1.03 | -8.95 | -10.14 | -2.99 | 0.68 | -- | 1.06 | Solactive US 7-10 Year Treasury Bond Index (Total Return) | 2.57 | -0.03 | 1.88 | -8.20 | -9.70 | -2.56 | 1.04 | -- | 1.43 |
**Fund performance since inception on April 07, 2015, as at November 30, 2022
Calendar Year Performance (%) *
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
|
Horizons US 7-10 Year Treasury Bond ETF |
-- | -- | -2.12 | -4.18 | 9.37 | 2.95 | 7.55 | -3.90 | Solactive US 7-10 Year Treasury Bond Index (Total Return) | -- | -- | -1.74 | -4.47 | 9.76 | 3.34 | 8.22 | -3.99 |
The Inception Date shown is the inception date of the predecessor ETF of the same name which was structured as a trust. On November 27, 2019, after receiving unitholder approval, the predecessor ETF merged into a class of shares of a corporate fund structure. In accordance with exemptive relief, the data of the ETF presented here includes the historical data of the predecessor ETF in order to provide full disclosure of the ETF’s data.
Distributions
Distribution data is not currently available.
Top 10 Index Holdings
As at October 31, 2022| Security Name | Weight |
|---|---|
| United States Treasury 2.88% 15-May-2032 | 10.24% |
| United States Treasury 1.25% 15-Aug-2031 | 9.93% |
| United States Treasury 1.38% 15-Nov-2031 | 9.74% |
| United States Treasury 1.88% 15-Feb-2032 | 9.58% |
| United States Treasury 1.63% 15-May-2031 | 9.47% |
| United States Treasury 0.88% 15-Nov-2030 | 9.34% |
| United States Treasury 1.13% 15-Feb-2031 | 9.16% |
| United States Treasury 0.63% 15-Aug-2030 | 8.82% |
| United States Treasury 0.63% 15-May-2030 | 6.78% |
| United States Treasury 2.75% 15-Aug-2032 | 6.60% |
Education
Regulatory and Legal
Financial Reports
At a Glance
Tax-Efficient Access to Mid-Term U.S. Treasuries
Horizons US 7-10 Year Treasury Bond ETF (HTB) seeks to provide tax-efficient exposure to an index comprised of U.S. treasury bonds with maturities between seven and ten years.
Key Features
• The Total Return Advantage: HTB is part of Horizons Total Return Index (TRI) family of ETFs. HTB uses a total return swap contract to replicate the performance of the Solactive US 7-10 Year Treasury Bond Index (Total Return). This structure typically reduces tracking error associated with replicating an index and increases tax efficiency
• Tax-efficient access: HTB is not expected to make taxable distributions
• Automatic Reinvestment: The reinvestment of index constituent distributions are reflected in HTB’s Net Asset Value (“NAV”) on their ex-date – which can result in more efficient compounding than ETFs that compound only quarterly or even monthly
Product Facts
Investment Objective
HTB seeks to replicate, to the extent possible, the performance of the Solactive US 7-10 Year Treasury Bond Index (Total Return), net of expenses. The Solactive US 7-10 Year Treasury Bond Index (Total Return) is designed to measure the performance of the US 7-10 Year Treasury Bond market.
Fund Details
Ticker
HTB
Inception Date
April 07, 2015
Net Assets ?
$58,945,172
As at December 06, 2022
Consolidated Prior Day Volume ?
4,001
For December 06, 2022
Average Daily Trading Volume Over a 12 Month Period ?
17,585
As at December 06, 2022
Exchange
Toronto Stock Exchange
Investment Manager
Horizons ETFs Management (Canada) Inc.
Eligibility
All Registered and Non-Registered Investment Accounts
Bloomberg Index Ticker
SOLUTB
Management Fee
0.15%
(Plus applicable sales tax)
Management Expense Ratio ?
0.17%
As at June 30, 2022
Swap Fee
No more than 0.05%
Currency
CAD
Currency Hedging
N/A
Counterparty Exposure ?
-6.92%
As at November 30, 2022
LEI ?
549300Q05CUP75WQ5B48
Portfolio Investment Metrics
As at November 30, 2022
Weighted Average Duration ?
7.78
Average Credit Quality ?
--
Weighted Average Coupon ?
1.71
Weighted Average Yield to Maturity ?
3.68
The NAV chart above only shows the historical daily net asset value per unit (NAV) of the ETF, and identifies the various distributions made by the ETF, if any. The distributions are not treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses. The chart is not a performance chart and is not indicative of future NAV values which will vary.
The Growth of 10K chart above is based on the historical daily net asset value per unit (NAV) of the ETF, and represents the value of an initial investment into the ETF of $10,000 since its inception, on a total return basis. Distributions, if any, are treated as reinvested, and it does not take into account sales, redemption, distribution or optional charges or income taxes payable by any security holder. The NAV values do contemplate management fees and other fund expenses where paid by the fund. The chart is not a performance chart and is not indicative of future value which will vary.
Performance & Distributions
Annualized Performance (%) *
| 1mo | 3mo | 6mo | YTD | 1 yr | 3 yr | 5 yr | 10 yr | SIR** | |
|---|---|---|---|---|---|---|---|---|---|
| Horizons US 7-10 Year Treasury Bond ETF | 2.05 | -0.98 | 1.03 | -8.95 | -10.14 | -2.99 | 0.68 | -- | 1.06 | Solactive US 7-10 Year Treasury Bond Index (Total Return) | 2.57 | -0.03 | 1.88 | -8.20 | -9.70 | -2.56 | 1.04 | -- | 1.43 |
**Fund performance since inception on April 07, 2015, as at November 30, 2022
Calendar Year Performance (%)
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|
| Horizons US 7-10 Year Treasury Bond ETF | -- | -- | -2.12 | -4.18 | 9.37 | 2.95 | 7.55 | -3.90 | Solactive US 7-10 Year Treasury Bond Index (Total Return) | -- | -- | -1.74 | -4.47 | 9.76 | 3.34 | 8.22 | -3.99 |
The Inception Date shown is the inception date of the predecessor ETF of the same name which was structured as a trust. On November 27, 2019, after receiving unitholder approval, the predecessor ETF merged into a class of shares of a corporate fund structure. In accordance with exemptive relief, the data of the ETF presented here includes the historical data of the predecessor ETF in order to provide full disclosure of the ETF’s data.
Distributions
Distribution data is not currently available.
Holdings
Top 10 Index Holdings
As at October 31, 2022| Security Name | Weight |
|---|---|
| United States Treasury 2.88% 15-May-2032 | 10.24% |
| United States Treasury 1.25% 15-Aug-2031 | 9.93% |
| United States Treasury 1.38% 15-Nov-2031 | 9.74% |
| United States Treasury 1.88% 15-Feb-2032 | 9.58% |
| United States Treasury 1.63% 15-May-2031 | 9.47% |
| United States Treasury 0.88% 15-Nov-2030 | 9.34% |
| United States Treasury 1.13% 15-Feb-2031 | 9.16% |
| United States Treasury 0.63% 15-Aug-2030 | 8.82% |
| United States Treasury 0.63% 15-May-2030 | 6.78% |
| United States Treasury 2.75% 15-Aug-2032 | 6.60% |
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